The size of the global healthcare IT market was estimated at USD 142.3 billion in 2022 and is expected to reach USD 707.7 billion in 2032, expanding at a compound annual growth rate (CAGR) of 17.5% between 2023 and 2032.
.jpg "The Global Healthcare IT Market 2022-2032 (USD Billion)")
Key factors driving the Healthcare IT market growth include increasing adoption of health information exchanges (HIEs) as well as EHR systems plus better quality care & clinical outcomes. Furthermore, increasing need for healthcare insurance providers to effectively manage a widespread record of claims & reimbursements will boost the growth of the global healthcare IT market over the forecast spell.
The global market of healthcare IT has been segmented by different product & service, component, end user and geography. Further, product & service segment of the healthcare IT market across the globe is sub-divided into healthcare payer solutions, healthcare provider solutions and HCIT outsourcing services.
According to the component segment the market is sub-segmented into software, services and hardware. Services section of the segment accounted for the highest healthcare IT market share. Likewise, end user segment of the global healthcare IT market is bifurcated into healthcare payers and healthcare providers. Healthcare providers section of the segment is further categorized into ambulatory care centers, hospitals, home healthcare agencies, diagnostic & imaging centers, nursing homes & assisted living facilities and pharmacies. Hospitals division accounted for the major market share of the market in the historical year, and is expected to maintain its dominance over the forecast spell.
Geographical segment of the healthcare IT market is divided into several key region including North America, Asia-Pacific, Europe, Latin America and the Middle East & Africa. The global healthcare IT market is led by North America trailed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa respectively. Asia-Pacific is the fastest-emerging market for healthcare IT, mainly because of the growing healthcare expenses, various government initiatives towards eHealth platforms, expanding medical tourism as well as growing overall healthcare industry.
Some of the key players operating in the highly competitive edge of healthcare IT market across the globe include McKesson Corporation (U.S.), United Healthcare Group (U.S.), Athenahealth Inc. (U.S.), GE Healthcare (UK), Epic Systems Corporation (U.S.), Allscripts Healthcare Solutions Inc. (U.S.), Cerner Corporation (U.S.), Koninklijke Philips N.V. (The Netherlands) Oracle Corporation and Infor Inc. (U.S.).
Healthcare IT Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2032 |
| Study Period | 2018-2032 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2032 | USD 707.7 billion |
| Growth Rate | CAGR of 17.5 % during 2023-2032 |
| Segment Covered | Component, End User, Product, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | McKesson Corporation (U.S.), Optum Health (U.S.), International Business Machine Corporation (IBM) (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), athenahealth, Inc. (U.S.), Epic Systems Corporation (U.S.), Dell Technologies Inc. (U.S.), GE Healthcare (U.S.), Cerner Corporation (U.S.), Oracle Corporation (U.S.), Cognizant Technology Solutions Corporation (U.S.), Nuance Communications, Inc. (U.S.), eClinicalWorks (U.S.) NextGen Healthcare, Inc. (U.S.), Computer Programs and Systems, Inc. (CPSI) (U.S.), Conifer Health Solutions, LLC. (U.S.), 3M Company (U.S.), Koninklijke Philips N.V. (The Netherlands), and Infor, Inc. (U.S.) |
Key segments of the global healthcare IT market include:
- Product & Service Segment
- Healthcare payer solutions
- Healthcare provider solutions
- HCIT outsourcing services
- Component Segment of healthcare IT market
- Software
- Services
- Hardware
- End user Segment of healthcare IT market
- Healthcare payers
- Healthcare providers
- Geographical Segmentation of healthcare IT market
- North America
- Asia-Pacific
- Europe
- Latin America
- the Middle East & Africa
Frequently Asked Questions (FAQ) :
The top companies that hold the market share in healthcare IT market are McKesson Corporation (U.S.), United Healthcare Group (U.S.), Athenahealth Inc. (U.S.), GE Healthcare (UK), Epic Systems Corporation (U.S.), Allscripts Healthcare Solutions Inc. (U.S.), Cerner Corporation (U.S.) & among others.
The global healthcare IT market is segmented on the Component, End User, Product, Regions.
The base year for the report is 2023 in healthcare IT market.